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Jeff Wecker

Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group

Forex Analysis
January 15, 20200Comments

Analysis of EUR/USD and GBP/USD for January 15. UK Inflation: reason for new sales of the pound?

On January 14, the EUR / USD pair lost only a few basis points, although it fell significantly below the opening levels during the day. However, the current wave marking remains to be developed as before, the construction of wave y with targets located around the 10th figure is still expected.
by Jeff Wecker
Forex Analysis
January 14, 20200Comments

Analysis of EUR/USD and GBP/USD for January 14. UK’s GDP report makes another trip to pound

On January 13, the EUR / USD pair gained about 15 basis points. However, the current wave marking remains the same, and I expect the instrument to turn down and go down as part of an unfinished downward wave y again.
by Jeff Wecker
Forex Analysis
January 13, 20200Comments

Analysis of EUR/USD and GBP/USD for January 13. Statistics in the US: euro took the chance, pound continues to fall.

On January 10, the EUR / USD pair gained about 15 basis points, but this increase did not in any way violate the current wave counting and the construction of the alleged wave y. Thus, I expect the continuation of lowering the quotes within the current bearish wave after a short break.
by Jeff Wecker
Forex Analysis
January 10, 20200Comments

Analysis of EUR/USD and GBP/USD for January 10. Bad news for the pound while good news for the euro

On January 9, the EUR / USD pair did not lose or gain a single basis point. Thus, the instrument continues to remain within the framework of constructing the alleged downward wave y. If this assumption is true, then the decline in quotes will continue with targets located around the 10th figure.
by Jeff Wecker
Forex Analysis
January 9, 20200Comments

Analysis of EUR/USD and GBP/USD for January 9. ADP report supported the dollar across the entire spectrum of the currency market

On January 8, the EUR / USD pair lost about 45 basis points and thus, resumed the construction of the alleged wave y. If the current assumption is correct, then the quotes of the instrument will continue to decline with targets located near the 10th figure.
by Jeff Wecker
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